AFD_REGISTRATION_DOCUMENT_2017

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AFD’S ANNUAL FINANCIAL STATEMENTS Statutory auditors’ report on the annual financial statements

Information given in the management report and in the other documents addressed to the Board of Directors with respect to the financial position and the annual financial statements We have no matters to report as to the fair presentation and the consistency with the annual financial statements of the information given in the management report of the Board of Directors and in the other documents addressed to the Board of Directors with respect to the financial position and the annual financial statements. Information on corporate governance We certify that the report of the Board of Directors on corporate governance contains the information required by Articles L. 225-37-3 and L. 225-37-4 of the French Commercial Code. With regard to the information provided pursuant to the provisions of Article L. 225-37-3 of the French Commercial Code respecting compensation and benefits paid to corporate officers and the commitments made to them, we have verified their consistency with the financial statements or with the data used to prepare such statements and, where applicable, the information gathered by your company from companies that control or are controlled by your company. On the basis of this work, we have no comments to make In accordance with the law, we have ensured that the various information relating to the acquisition of equity stakes and control and to the identity of the holders of share capital or voting rights have been communicated to you in the management report. Information obtained from other legal and regulatory requirements Appointment of statutory auditors KPMG S.A. was appointed as a statutory auditor for Agence Française de Développement by your Board of Directors on 3 July 2002 and Mazars on 30 April 1996. At 31 December 2017, KPMG was in the sixteenth consecutive year of its mission and Mazars in the twenty-second year, 16 and 19 years respectively since the company’s shares were admitted to trading on a regulated market. Responsibilities of management and the persons comprising the governance of the company in the annual financial statements It is the responsibility of management to prepare annual financial statements that present a true and fair view in accordance with French accounting rules and principles and to implement the internal controls that it deems necessary for the preparation of annual financial statements that contain no material misstatements, whether due to fraud or error. During the preparation of the annual financial statements, management is responsible for evaluating the ability of the company to continue as a going concern, presenting in those financial statements, as appropriate, the necessary information relating to the continuity of operations and applying the going concern accounting policy unless there are plans to wind up the company or cease operations. The Audit Committee is responsible for monitoring the financial information preparation process and the effectiveness of internal control and risk management systems, as well as, where applicable, the internal audit as regards procedures relating to the preparation and processing of accounting and financial information. The annual financial statements have been approved by the Chief Executive Officer. Responsibilities of the statutory auditors in the auditing of the annual financial statements Audit objective and approach It is our responsibility to prepare a report on the annual financial statements. Our objective is to obtain reasonable assurance that the annual financial statements taken as a whole are free of material misstatement. Reasonable assurance corresponds to a high level of assurance, but does not guarantee that an audit performed in accordance with the standards of professional practice can systematically detect any material misstatements. Misstatements may be due to fraud or error and are considered significant where it can reasonably be expected that they, taken individually or cumulatively, may influence the economic decisions that financial statement users make based on them. As stated in Article L.823-10-1 of the French Commercial Code, our mission of financial statement certification does not involve guaranteeing the viability or quality of your company’s management. In the context of an audit conducted in accordance with the professional standards applicable in France, statutory auditors exercise their professional judgement throughout the audit. Moreover: P they identify and assess the risks that the annual financial statements contain material misstatements, whether due to fraud or error, define and implement audit procedures to address those risks, and collect items they consider sufficient and appropriate to on this information. Other information

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REGISTRATION DOCUMENT 2017

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